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As of September this year, furniture giant Ikea will offer sustainably generated energy to Swedish households in a move to diversify its business and offer a green approach to power supply. The STRÖMMA offer will be made in partnership with local energy…
Ikea’s shopping malls business – one of the world’s largest – has kicked off the sales process for some 500 flats at its first-ever mixed-use retail and residential development, in Changsha, southern China. Cindy Andersen, MD at Ingka Centres since February,…
Ikea’s arm Ingka Centers is to launch India’s first Ikea mixed-use destination in the outskirts of Delhi, Noida. The plan was announced after the retailer secured a 47,833sqm plot of land in Noida, Uttar Pradesh. The project will cost about US$760 million and…
Textile company Gilimex said its net profits almost doubled in 2020 thanks to a number of high-value contracts with international retailers. It reported record revenues of VND3.45 trillion ($150 million), up 36 percent from 2019, and net profits of VND308…
KEA announced a partnership with ASUS Republic of Gamers in September 2020, and the fruits of that team-up are now appearing, right on schedule. As expected there is a wave of products releasing for customers in China, ahead of an expected launch for Western…
IKEA has launched the first-of-its-kind planning studio powered by Singapore-based interior design and renovation platform, Livspace. IKEA and Livspace have provided consultation to hundreds of homeowners in Singapore since the partnership started at the end…
Temasek names a new former head of sustainability from Ikea to replace Robin Hu, who will we leaving the role by the end of 2020. Temasek’s current sustainability head Hu will have some of his key function’s taken over by ex-Ikea chief sustainability officer…
After almost 70 years, Swedish furniture giant Ikea is scrapping its iconic catalog. The company will no longer produce print and digital versions of the book, it announced Monday. It’s been touted as the most widely-distributed publication in the world, and…
IKEA’s Ingka Investments is in talks to buy commercial property in prime locations in several big European cities after it finalised its first-ever such acquisition last month, its managing director said. The investment arm of Ingka Group, which owns most…
Building on the first phase opening in December last year, Ikano Centres, part of IKEA Southeast Asia, is excited to launch a new drive-thru concept next to IKEA Batu Kawan in North Malaysia. Focusing on food and beverage (F&B), the drive-thru will be the…
Ikea is to open its second second-hand furniture store in its home country, Sweden, expanding its commitment to the circular economy concept. The store, located in the ReTuna shopping mall in Eskilstuna, will stock used Ikea furniture bought back from…
Swedish furniture retailer Ikea has yet again stepped out of its aisle, expanding its food range with localized mooncakes for the Hong Kong market. Launching four fruit-flavored ‘snowy’ mooncakes (with non-baked glutinous rice flour as a shell), the mooncakes…
Ikea India is proposing an economical solution by sourcing materials from the local market to cut down the budget, according to The Economic Times. The company said it is talking to the government and other players in the market to form furniture hubs. By…
Ikea’s business in South Korea has reported 32.6-per-cent sales growth over the past fiscal year despite the impact of the coronavirus outbreak. The success of the retail business over the period has been attributed to a surge in interest in home furnishings…
Ikea Thailand has launched a limited collection with local retailer Greyhound Original, which operates fashion shops and restaurants in Southeast Asia. Called “Sammankoppla”, which means interconnect or unify, the Ikea x Greyhound collection offers furniture…
Swedish home-furnishing giant Ikea opens an Ikea City store in Shanghai today, its first such outlet in China. The Ikea City opening comes after the Ikea Tmall flagship launch in March as part of the brand’s strategy to broaden the ways it reaches Chinese…
